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The Changing Landscape for Retirement Planning Strategy
Despite long-held attitudes toward the criticality of workplace retirement plans like 401ks, it appears that future retirees are paying more attention to other ways to accumulate wealth for their post-workforce lives. Yahoo Finance reporter Brian J. O’Connor, in a post on their website, analyzes the savings vehicles emerging in today’s workforce, including private savings accounts, individual retirement accounts (IRAs), and taxable brokerage accounts, and discusses several; aspects of each. He notes that these options give savers several benefits, like flexibility, avoidance of contribution limits, and the ability to withdraw funds on-demand, often without penalty. Read his post here.